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Elliott wave Bitcoin analysis 30.06.2022

The BTCUSD market is forming the zigzag-shaped motive wave W, with the two sub-waves completed inside. Sub-wave [C] is forming as an impulse (1)-(2)-(3)-(4)-(5), with the final impulse sub-wave (5) unfolding inside. Correction 4 have completed within wave (5) as a zigzag, and the Bitcoin price should be moving in sub-wave 5 down to a level of 14600.00, where wave (5) will be 76.4% of impulse (3).

Trading plan for BTCUSD today:

Sell 20029.00,

Take profit: 14600.00.







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